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In a thrilling advance for both marine sports and environmental sustainability, the E1 Series has unveiled the RaceBird, the world’s first electric powerboat designed for high-speed, eco-friendly racing. This innovative vessel promises to revolutionize the sport, blending cutting-edge technology with a commitment to reducing carbon emissions in the world of powerboat racing. The RaceBird, showcased ahead of World Oceans Day, features an aerodynamic design and an impressive array of green techno

In a landmark transaction that underscores Saudi Arabia's ambition to diversify its economy, the Saudi Arabian Public Investment Fund (PIF) has announced a $3.5 billion investment in Uber Technologies. This significant move, part of Uber’s Series G fundraising round, marks one of PIF's largest international investments to date and reflects the Kingdom's commitment to Vision 2030, an overarching blueprint for economic transformation. The investment not only provides Uber with substantial capital

In a groundbreaking move for Saudi Arabia's electric vehicle (EV) infrastructure, EVIQ, the Electric Vehicle Infrastructure Company, has launched a state-of-the-art research and development (R&D) facility in Riyadh. This pioneering venture, a joint effort between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC), marks the first of its kind in the region, setting a new standard for EV charger technology. The R&D center is designed to test a wide range of chargers and rela

While the focus for the rear-wheel-drive Macan was primarily on high efficiency and range, the new Macan 4S will fill the gap between the Macan 4 and the Macan Turbo. Like the models introduced at the start of 2024, the 4S is equipped with the electronically controlled Porsche Traction Management (ePTM) system, which distributes the drive power between the front and rear axles around five times faster than a conventional all-wheel-drive system. Macan: 100 kWh battery and highly efficient power

In a landmark move that promises to reshape the landscape of electric motor sports, the Public Investment Fund (PIF) has unveiled a groundbreaking multi-year partnership known as Electric 360. This historic collaboration with Formula E, Extreme E, and E1 aims to drive technological innovation and advance the future of sustainable mobility through electric racing. The Electric 360 initiative unites the pioneering spirit of Formula E's high-speed electric car racing, Extreme E's rugged off-road e